Fiscal Policy — Practice Quiz
ICSE · Class 12 · Economics
Try a 4-question quiz on Fiscal Policy for ICSE Class 12 Economics: tap an answer to check it and see why. 70 questions in the full chapter test.
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Quick Quiz: Fiscal Policy
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What is public finance defined as in Fiscal Policy?
Which statement best describes fiscal operations in public finance?
What is the correct meaning of public finance in relation to private finance?
Which sentence correctly describes the place of public finance among subjects?
Sample Questions
Who defined public finance as connected with the income and expenditure of public authorities?
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Prof. Dalton
Prof. Dalton gave the definition linking public finance with the income and expenditure of public authorities.
Which statement about fiscal policy is correct?
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It is concerned with the effects of public expenditure, taxation and public borrowing on income, output and employment
Fiscal policy is defined in terms of public expenditure, taxation and public borrowing and their effects on income, output and employment.
Which of the following is one of the main objectives of fiscal policy in a developing economy?
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To maintain price stability
One key objective of fiscal policy is to maintain price stability.
What does public expenditure refer to?
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Expenditure incurred by central, state and local governments for collective needs or welfare
Public expenditure means spending by central, state and local governments for collective needs and welfare.
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